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LVMH Invests in Streetwear Brand Aimé Leon Dore

The luxury conglomerate will hold a minority stake in Teddy Santis’ label

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Paris-based LVMH has purchased a minority stake in Teddy Santis’ streetwear label Aimé Leon Dore via its Luxury Ventures arm, which focuses on emerging brands, reports Hypebeast. The value of the investment has not been disclosed.

“LVMH’s vast network of global leaders across the industry and its rich history in growing exceptional storied brands offers a truly unique partnership opportunity to fuel the next chapter of growth Aimé Leon Dore,” said Santis.

Under the agreement, Aimé Leon Dore will remained headquartered in New York, and WWD reported the brand plans to open a London flagship early this year.

Jennifer Acevedo is the editor-in-chief and associate publisher of VMSD magazine.

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